Core Viewpoint - The company, Beiwai Technology (002148.SZ), forecasts a net loss of 4 million to 8 million yuan for the fiscal year 2025, a significant decline from a profit of 26.1858 million yuan in the same period last year [1] Financial Performance - The net profit attributable to shareholders is expected to be a loss of 4 million to 8 million yuan, compared to a profit of 26.1858 million yuan in the previous year [1] - The net profit after deducting non-recurring gains and losses is projected to be a loss of 12 million to 19 million yuan, down from a profit of 12.0265 million yuan in the same period last year [1] Business Operations - The company's IoT business is focusing on deepening industry applications while actively exploring the consumer connected business market, leading to steady revenue growth [1] - The net profit loss is primarily attributed to increased marketing expenditures in the IoT consumer connected business and mobile gaming, which are recognized as one-time expenses, causing a mismatch between current investments and revenue [1] - The rise in resource procurement costs due to operator policy adjustments has led to a decrease in gross margin [1] - Increased competition in the office rental market where Beiwai International Center is located has resulted in a year-on-year decline in average rental levels [1] - The yield on bank wealth management products has decreased year-on-year, impacting non-recurring gains and losses [1]

Core Viewpoint - Beiwai Technology has released its annual performance forecast, expecting a net profit attributable to shareholders of -8 million to -4 million yuan for 2025, and a net profit excluding non-recurring gains and losses of -19 million to -12 million yuan for the same year [1] Group 1: Financial Performance - The company anticipates a steady growth in operating revenue from its IoT business while facing a net profit loss due to increased marketing expenditures in both the consumer IoT and mobile gaming sectors [1] - The marketing expenses incurred during the period are recognized as one-time costs, while the corresponding user revenue is deferred over the service period, leading to a mismatch between current investments and returns [1] Group 2: Cost and Revenue Challenges - The increase in resource procurement costs for the IoT business, influenced by adjustments in operator policies, has resulted in a decline in gross margin [1] - The competitive landscape in the office rental market where Beiwai International Center operates has intensified, leading to a year-on-year decrease in average rental levels [1] - The yield on bank wealth management products has decreased year-on-year, impacting non-recurring gains and losses [1]